KLD Releases Compliance Tool Targeting Iran
Investments

October 29, 2007 (PLANSPONSOR.com) - KLD Research
& Analytics, Inc. has come out with a new product to help
institutional investors and money managers comply with the
divestment mandates of public companies conducting business
in Iran.

According to a press release, KLD’s Iran
Compliance product meets all U.S. state legislative
requirements mandating Iran divestment and identifies
companies with major involvement in sectors such as
nuclear, defense, oil, and mineral extraction.

As of October 29, 2007, KLD identified 36 companies
from 17 countries with involvement in Iran based on the
following criteria:

Contracts with or the provision of supplies to
the government of Iran or state-owned companies

Iran
government has direct or indirect equity share in the
company

Involved in consortiums or projects commissioned
by the government of Iran

Oil or mineral extraction in Iran accounts for
10% of total business operations

Investments in Iran’s petroleum resources on
or after August 5, 1996 equals $20 million or more in
any one-year period

Engaged in business with Iranian organization
labeled as a terrorist organization by U.S.
government

Engaged in business operations with entities in
the defense or nuclear sectors of Iran

KLD’s product is updated monthly and allows
managers to monitor their portfolios.